Crypto Daily Report – November 30

Nov 30, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportNovember 30, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: BTC, ETH, ETHBTC, GMX, UNI Market UpdateIn anticipation of Fed Chair Powell’s speech today at 1:30 pm EST, traditional markets are relatively muted. The S&P 500 is trading just under $3,950 (-0.30%), and the Nasdaq 100 is trading around $11,500 (+0.08%). Investors will be paying attention to Powell’s speech for insight into how high interest rates will need to rise. In contrast, crypto markets are rallying today, with $BTC and $ETH rising 2.12% and 4.13%, respectively, as rumors have circulated around Genesis and DCG avoiding bankruptcy. $GM

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We are witnessing a continuation of the recent weakness in crypto markets today, with BTC -5.45% now testing $60k, ETH -6.61% just below $3k, and SOL -7.77% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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